Lufthansa has agreed with the Italian Government to purchase a 41% stake in ITA Airways through a capital increase of €325 million. The Lufthansa Group also maintains the option to purchase the rest o...
SMBC Aviation Capital reported a profit before tax of $341m in the 2022-23 financial year. The Dublin-based leasing company said it "integrated 71 aircraft" into its fleet, an influx that equated "to ...
BOC Aviation has filed for the listing of $500 million worth of 4.5% bonds due in 2028 on the Singapore bourse. The bonds were listed in the Bonds Market today, May 24, 2023. ...
The shares and assets of Comair have been put up for sale, including the brand, trademarks, Air Operators Certificate (AOC), and domestic air service license of its low-cost subsidiary Kulula.com. The...
Virgin Orbit Holdings is to sell its assets to "four winning bidders" and will cease operations. The announcement came after what Virgin said was a "comprehensive sale process and competitive auction"...
Corporación América Airports (CAAP) recorded $382.1 million in revenue in the first quarter of 2023 (Q1 2023), a 48.% year-on-year increase and 6% more than in Q1 2019. The cash included $68.3 million...
AirAsia X is out with a proposal to raise up to RM50 million (approx. US$10.9 million) in new capital via the placement of shares with two institutional investors. The airline said that the timing of...
Global Jet Capital (GJC) believes there will be "continued growth for the next five years" in the business aviation market. The company said it expects $195bn "in total transaction volume of new and p...
Despite a fourth quarter (Q4) loss of €154 million. Ryanair reported a 2023 financial year (FY 2023) profit of €1.43bn, close to the company record set in 2018 and a roughly €1.8bn swing to the black ...
US airfares have so far in 2023 been put up by an average of 17% compared to 2022, going by analysis published by CheapAir.com. The year-on-year assessment of 128 million US airfares showed no city wa...
US travel agency air ticket sales hit $8.7bn in April 2023, a 13% increase on the month in 2022,according to Airlines Reporting Corp. (ARC). April 2023 was the fourth consecutive month of sales exceed...
UK budget carrier easyJet's revenue increased by 80% to almost £2.7bn in the first half of the financial year (H1 2023) to March 31. The airline recorded a pre-tax loss of £411 million for another 80%...
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